User Now Receives Painful $30K Bill in Social Security Overpayments

A user now receives a painful $30k bill in Social Security overpayments after receiving a letter in the mail, sources report.

A Social Security beneficiary was hit with some abrupt news without any warning, reports The US Sun.

In a Facebook group where people were discussing Social Security overpayments, one person recounted how they were told that they owed thousands.

“I just got a letter saying they over paid [sic] me 30k,” said user Haili Jones in reply to another post about Social Security overpayments.

“Wow, what are you going to do and why wasn’t it caught a long time ago?” wrote someone in response.

There has been no word on how or when Haili is going to start paying the amount back.

Upon notification of an overpayment, Haili has several options for resolution: repayment arrangements, appealing the decision, or requesting a waiver, according to the Social Security Administration.

An overpayment notice provides details on why the overpayment occurred, the amount owed, repayment choices, and your rights regarding appeals and waivers.

Upon receipt of an overpayment notice, you can:

  • Repay the overpayment if you agree with the assessment and are presently receiving benefits.
    • You can settle the balance in full, opt for monthly deductions from your benefits, or establish a repayment plan via check, money order, or credit card. If you’re not currently receiving benefits, you can make a full or partial payment using Pay.gov or your bank’s online bill pay.
    • Flexible repayment plans, with payments as low as $10 per month, are available.
  • Appeal the overpayment if you disagree with the determination or believe the amount is inaccurate.
    • You can request a non-medical reconsideration online or submit a completed SSA-561 Request for Reconsideration, to your local Social Security office.
  • Seek a waiver for the overpayment if you believe you’re not responsible for its occurrence and are unable to afford repayment, or if you deem the repayment unjust for another reason.
    • You can submit a completed SSA-632, Request for Waiver of Overpayment Recovery, to your local office.
    • For overpayments of $1,000 or less, expedited processing may be possible via telephone by contacting your local office or calling 1-800-772-1213, Monday through Friday, between 8 am and 7 pm.
  • Request an adjustment to the repayment amount if the current arrangement prevents you from meeting essential living expenses.
    • If you’re unable to clear the debt within 60 months due to the agreed-upon repayment amount, you’ll be asked to complete Form SSA-634 Request for Change in Overpayment Recovery Rate.

Haili isn’t the only person who has confronted this issue.

A recipient claimed they went unpaid for multiple months due to an overpayment issue they assert was not of their making.

“Instead of getting my Social Security check on the 2nd Wednesday of March, I received 0,” they fumed in a separate Facebook thread.

They claimed to have received a letter from the SSA notifying them of zero payments until July 24 to rectify the overpayment issue.

Following a visit to their nearby Social Security office where they “simply wept,” their payments resumed, albeit with a minor deduction from each check to repay the overpayment, spread out over several years.

For more news and updates like this, opt-in for push notifications.

Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

User Now Receives Painful $30K Bill in Social Security Overpayments
User Now Receives Painful $30K Bill in Social Security Overpayments

A massive clothing retailer is now closing all 540 stores in just six weeks after unexpectedly filing for bankruptcy.

Liquidation sales will be held at rue21 outlets across the US as bosses rush to clear the last remaining stock.

The clothing retailer has entered bankruptcy and bosses have announced plans to close all 540 remaining stores within six weeks, reports The US Sun.

It is the third time in less than 25 years the fashion retailer has entered bankruptcy, per Bloomberg.

Court documents seen by Reuters revealed the company has more than $190 million of debt.

The chain has 540 stores across the US and 4,900 workers are set to be impacted.

Outlets are to slam shut within four to six weeks, according to court papers.

Bosses also announced plans to sell the company’s intellectual property.

The company narrowly avoided going into bankruptcy in October 2022.

Chiefs filed for bankruptcy in 2017 as they rushed to clear around $700 million worth of debt.

Bosses shuttered 400 stores as well and renegotiated leases.

Execs identified the rise of online shopping and changing consumer trends as reasons behind the bankruptcy.

Michele Pascoe, the interim CEO, also alluded to the impacts of competition and inflation.

The company also filed for bankruptcy in 2002.

At its peak, the company had more than 1,000 stores across the US.

The chain has dozens of outlets across several states, including Florida, Georgia, Illinois, North Carolina, Pennsylvania and Texas.

The teen fashion retailer is not the only clothing chain that has entered bankruptcy over the past year.

Last month, Express chiefs filed for bankruptcy, and at least 100 stores are set to close.

Also Read: Retirees Will Now Receive More Money For Social Security

Market News Published Daily 📰

User Now Receives Painful $30K Bill in Social Security Overpayments
Market News Today – User Now Receives Painful $30K Bill in Social Security Overpayments.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

Leave a Reply

© 2024 Franknez.com

Theme by Anders NorenUp ↑